CBRE Arranges $101.66 Million Sale Of Palm Beach Gardens Retail Center
The property sold to a joint venture between Lone Star Funds and Woolbright Development.
The property sold to a joint venture between Lone Star Funds and Woolbright Development.
DWNTWN Realty Advisors Co-Founders and Managing Partners Tony Arellano and Devlin Marinoff listed the building.
The 201-key hotel located in the heart of Miami’s financial district was acquired for an undisclosed price and marks AKA’s debut in the Miami market.
The buyer purchased the facility for their South Florida corporate offices and operation.
The building is currently 97% occupied.
Windstar Cruises will be relocating its corporate headquarters, including 30 to 40 employees, from Seattle to the six-story building.
The buildings, purchased for a combined $7.8 million, will be marketed for lease to select new restaurant/retail tenants.
Here are the most popular news headlines this past week on CRE-sources.
Rodolfo Alvarez in Southwest Ranches manages all three of the sellers.
When completed, the distribution complex will encompass three LEED-certified warehouse buildings totaling over 495,000 square feet.
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